Latest news with #TradeTechInitiative
Hi Dubai
06-02-2025
- Business
- Hi Dubai
UAE Leads Global Trade Transformation Through AI and Innovation
Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, has highlighted the pivotal role of advanced technologies, particularly artificial intelligence (AI), in revolutionizing global trade. Speaking at the inaugural Plug and Play Middle East Summit, Dr. Al Zeyoudi emphasized the UAE's leadership in adopting cutting-edge solutions to create smarter, faster, and more efficient trade systems. The summit, which brought together industry leaders, government officials, and investors, showcased innovations poised to reshape the global economy. Dr. Al Zeyoudi stressed the importance of empowering startups to unlock value currently hindered by outdated, human-centric processes. 'Trade is undergoing a complete transformation driven by automation and digital innovation,' he stated. 'We must enable entrepreneurs to develop solutions that foster inclusive global trade while establishing the necessary regulatory frameworks.' The UAE's TradeTech Initiative, launched in collaboration with the World Economic Forum, is at the forefront of this transformation. Key components include the TradeTech Accelerator and a Regulatory Sandbox, designed to fast-track innovation. Dr. Al Zeyoudi revealed that the accelerator, developed with Plug and Play, has already identified 14 high-potential startups from 1,500 global applicants. These ventures are pioneering AI-driven logistics, blockchain-powered trade finance, and digital supply-chain optimization, showcasing the UAE's robust innovation ecosystem. The summit also featured fireside chats and panel discussions exploring AI's expanding role in entrepreneurship, fintech trends, and blockchain applications. Participants underscored the transformative potential of AI in augmenting human capabilities and driving industry-wide change. As the UAE continues to champion technological advancement, its efforts are set to unlock new opportunities for global commerce, reinforcing its position as a hub for innovation and trade. News Source: Emirates News Agency
Mid East Info
06-02-2025
- Business
- Mid East Info
HE Dr. Thani champions the role of technology in trade during keynote address at the Plug and Play Middle East Summit
The inaugural Plug and Play Middle East Summit connects entrepreneurs, corporations, and investors in the tech space HE Dr . Thani: 'It is vital we empower entrepreneurs and startups to develop cutting-edge solutions that enable smarter, faster, and more inclusive global trade – while establishing the regulatory frameworks and interoperable systems needed to deploy them .' Dubai, UAE – February, 2025: HE Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, has underscored the transformative role of advanced technologies—particularly artificial intelligence (AI)—in driving a new era of smarter, faster, and more efficient global tradeand how the UAE is taking the lead on their implementation. Speaking at the inaugural Plug and Play Middle East Summit, an event that brought together industry pioneers, government officials, and investors to showcase innovations shaping the economy of tomorrow, HE Dr. Al Zeyoudi emphasized the urgent need for the international trading community to harness the power of startups and release the value that is being locked away by outdated systems and human-centric processes. HE Dr. Al Zeyoudi stated: 'The UAE recognizes that trade is undergoing a complete transformation, driven by new technologies, automation, and digital innovation. It is vital we empower entrepreneurs and startups to develop cutting-edge solutions that enable smarter, faster, and more inclusive global trade—while establishing the regulatory frameworks and interoperable systems needed to deploy them. Through the TradeTech Initiative, launched in partnership with the World Economic Forum, we are accelerating these efforts, including the establishment of the TradeTech Accelerator and a Regulatory Sandbox. Their success can unlock new opportunities for commerce across the world..' He continued: 'The TradeTech Accelerator, developed in collaboration with Plug and Play, is already yielding results. From a pool of 1,500 top-tier startups worldwide, we have identified 14 high-potential ventures pioneering AI-driven logistics, blockchain-powered trade finance, and digital supply-chain optimization. Their agility and creativity will not only enhance supply chains but also reaffirm the strength of the UAE's innovation ecosystem.' The summit included a series of fireside chats and panel discussions, bringing together leading figures from technology, investment, and trade to explore AI's evolving role in entrepreneurship. Participants included Fadi Ghandour, Executive Chairman of Wamda Group; Carlos de Torres, Head of EMEA Venture Capital and Private Equity at Google; Joel Podolny, Founder of Honor Education; and Arya Bolurfrushan, CEO of the Bolurfrushan International Group. Discussions covered a wide range of topics, from fintech trends and blockchain to the transformative impact of AI on industries and its role in augmenting human capabilities.
